Australian dollar trades low against the American dollar during Monday Early morning Asian session. The rationale behind the move can be linked to negative headlines at Australia and China. Unfortunately Australia recorded a high daily covid infection number, 37,152 at the latest per the latest News. Even so, Australia Prime Minister Scott Morrisson said, “We're [...]
Fundamental view: Bitcoin dropped sharply during the trading course of the week. Despite the large nominal $6.1 billion year-end options expiry, the bearish candle had a win. The yearend thin trading session could be the rationale behind the Bitcoin move. Elsewhere, some recent news also impacted the crypto king, Malaysian police have cracked down on [...]
Fundamental view: The yellow metal stayed on the front foot jumping to its highest level in more than a month at $1,820 against the greenback this week. The improved market mood favored the yellow metal. The U.S. recorded its highest number of Covid cases this week, ever as the Omicron variant rages. However, the market [...]
Fundamental view: The Australian dollar has rallied a bit during the course of the trading week but within a relatively tight range and traded around 0.7260 level at the end of the week. Last week, Announcement from Prime Minister Scott Morrison after a national emergency cabinet meeting favored the Australian dollar. He announced a federal definition [...]
